Post
Topic
Board Gambling
Re: PocketRocketsCasino.eu - 191BTC max payout! NEW FAUCET and lottery
by
wayshegoes
on 12/02/2015, 22:25:19 UTC
Just-Dice has a maximum profit of 80,000 CLAM. That's worth over 500 BTC at the current price.
80,000 CLAM isn't "worth" 500 BTC. I'm looking at the poloniex order books now, and it looks like if someone tried to sell even 5,000 of your site's play tokens it would drop the price over 80%. Now your 75,000 CLAMs are worth under 100 BTC. Funny how that works. But hey, never let "facts" get in the way of a good story  Roll Eyes

Most trading happens off the exchanges, as you well know. People don't leave their CLAMs idling in exchange orderbooks. CLAM is proof-of-stake, so they tend to be left somewhere that pays staking rewards. Like the JD bankroll for instance.

Note also I said "at the current price".
Saying at the current price is warping the reality of the situation no matter how you look at it. Most trading happens on exchanges; the one minute blocks makes the process quick so I don't imagine people would lose much stake doing so.

My example clearly explains how your "max profit" is nothing other than hot air. I'm sorry if it annoys you or you don't agree, but it is what it is. If you traded 1 btc for 1 clam to yourself over and over you would never claim that just-dice had a max profit of 77,000 btc because that would obviously be ridiculous.

Dean should offer 100 Kelly so PRC can have a max profit of 2,600 bitcoins that be easily exchanged at the actual "current price" Roll Eyes

But hey, spend your days trying to argue false premises in competitors threads for the sake of your gargantuan ego.